<html><head><meta http-equiv="Content-Type" content="text/html charset=utf-8"></head><body style="word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class="">A <a href="http://www.worldbank.org/en/results/2014/04/04/savings-of-44-billion" class="">report </a>by the World Bank (April 2014) had this to say:<div class=""><br class=""></div><blockquote style="margin: 0 0 0 40px; border: none; padding: 0px;" class=""><div class=""><p style="margin: 0px 0px 1rem; padding: 0px; color: rgb(51, 51, 51); font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; widows: 1; background-color: rgb(255, 255, 255);" class=""><span style="font-size: 11px;" class="">There are five “corridors” – a country to country transfer – with an average fee higher than 20%, all of them in Africa. Migrant workers in South Africa, for example, paid an average of just over 23% in fees on the money they sent to Botswana in 2012, making it the most expensive remittance channel in the world.<strong class=""></strong>Sending money from South <a href="http://www.theguardian.com/world/africa" data-link-name="auto-linked-tag" data-component="auto-linked-tag" class=" u-underline" style="color: rgb(0, 86, 137); cursor: pointer; border-bottom-width: 0.0625rem; border-bottom-style: solid; border-bottom-color: rgb(220, 220, 220); background-color: transparent; text-decoration: none !important;">Africa</a> to Mozambique was the second most costly channel, with an average 22% fee imposed on transfers.</span></p></div><div class=""><p style="margin: 0px 0px 1rem; padding: 0px; color: rgb(51, 51, 51); font-family: 'Guardian Text Egyptian Web', Georgia, serif; line-height: 24px; widows: 1; background-color: rgb(255, 255, 255);" class=""><span style="font-size: 11px;" class="">“Forcing migrant workers to pay as much as $50 to send $200 is wrong, especially when they are sending salaries they have earned in the hope of supporting their families back home,”</span></p></div></blockquote><div class=""><div class="">An earlier <a href="http://www.odi.org/remittances-africa" class="">report</a> by ODI (April 2014) raised the same point. </div><div class=""><br class=""></div><div class="">Linking this back to Kenya - there are systemic hurdles denying entry into the remittance market innovative, cost effective competitors and this, in concert with existing market dominance forces, keep costs high. </div><div class=""><br class=""></div><div class="">If Lipisha/Bitpesa/CBK/Safaricom case taught us something, it is that competition on these high stake sectors are not that fair or transparent. </div><div class=""><br class=""></div><div class=""><br class=""></div><div class="">
<div style="color: rgb(0, 0, 0); letter-spacing: normal; orphans: auto; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: auto; word-spacing: 0px; -webkit-text-stroke-width: 0px; word-wrap: break-word; -webkit-nbsp-mode: space; -webkit-line-break: after-white-space;" class=""><div class=""><font size="1" style="font-family: arial; widows: 1; background-color: rgb(255, 255, 255);" class="">---</font></div><div class=""><font size="1" style="font-family: arial; widows: 1; background-color: rgb(255, 255, 255);" class="">Moses Karanja | </font><font color="#93c47d" style="font-family: arial; font-size: small; widows: 1; background-color: rgb(255, 255, 255);" class=""><a href="https://twitter.com/Mose_Karanja" target="_blank" style="color: rgb(17, 85, 204); font-size: x-small;" class="">@Mose_Karanja</a><span style="font-size: x-small;" class=""> | </span></font><font color="#000000" style="widows: 1; font-family: 'trebuchet ms', sans-serif; font-size: x-small; background-color: rgb(255, 255, 255);" class="">PGP: </font><span style="color: rgb(34, 34, 34); widows: 1; font-family: 'trebuchet ms', sans-serif; font-size: x-small; letter-spacing: 0.28px; line-height: 34px; white-space: pre-wrap; background-color: rgb(255, 255, 255);" class=""><a href="https://pgp.mit.edu/pks/lookup?op=index&fingerprint=on&search=0x1529552F" target="_blank" style="color: rgb(17, 85, 204);" class=""><font color="#6aa84f" class="">0x1529552F</font></a></span></div><div class=""><br class=""></div></div><br class="Apple-interchange-newline"><br class="Apple-interchange-newline">
</div>
<br class=""><div><blockquote type="cite" class=""><div class="">On Dec 16, 2015, at 3:34 PM, <a href="mailto:kictanet-request@lists.kictanet.or.ke" class="">kictanet-request@lists.kictanet.or.ke</a> wrote:</div><br class="Apple-interchange-newline"><div class="">Send kictanet mailing list submissions to<br class=""><span class="Apple-tab-span" style="white-space:pre"> </span><a href="mailto:kictanet@lists.kictanet.or.ke" class="">kictanet@lists.kictanet.or.ke</a><br class=""><br class="">To subscribe or unsubscribe via the World Wide Web, visit<br class=""><span class="Apple-tab-span" style="white-space:pre"> </span>https://lists.kictanet.or.ke/mailman/listinfo/kictanet<br class="">or, via email, send a message with subject or body 'help' to<br class=""><span class="Apple-tab-span" style="white-space:pre"> </span>kictanet-request@lists.kictanet.or.ke<br class=""><br class="">You can reach the person managing the list at<br class=""><span class="Apple-tab-span" style="white-space:pre"> </span>kictanet-owner@lists.kictanet.or.ke<br class=""><br class="">When replying, please edit your Subject line so it is more specific<br class="">than "Re: Contents of kictanet digest..."<br class="">Today's Topics:<br class=""><br class=""> 1. Re: Public Notice by CBK on Virtual Currencies (meshack emakunat)<br class=""> 2. Re: Public Notice by CBK on Virtual Currencies (Ali Hussein)<br class=""><br class=""><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">From: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">meshack emakunat <memakunat@yahoo.com><br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">Subject: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class=""><b class="">Re: [kictanet] Public Notice by CBK on Virtual Currencies</b><br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">Date: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">December 16, 2015 at 1:58:28 PM EAT<br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">To: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke><br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">Reply-To: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">meshack emakunat <memakunat@yahoo.com><br class=""></span></div><br class=""><br class=""><div class=""><div style="background-color: rgb(255, 255, 255); font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 10px;" class=""><div id="yui_3_16_0_1_1450262674460_7474" class=""><span class="">Hello All</span></div><div id="yui_3_16_0_1_1450262674460_7514" class=""><br class=""></div><div dir="ltr" id="yui_3_16_0_1_1450262674460_7528" class="">did you know that migrant Africans are charged a whole 12% or more on remittances back home from developed countries and that these charges are 2wice the global rate. and that 66% of the global (to africa) remittances are from MTOs such as Moneygram and Western union</div><div id="yui_3_16_0_1_1450262674460_7954" dir="ltr" class=""><br class=""></div><div id="yui_3_16_0_1_1450262674460_7955" dir="ltr" class="">REGARDS</div><div id="yui_3_16_0_1_1450262674460_7956" dir="ltr" class=""><br class=""></div><div id="yui_3_16_0_1_1450262674460_7957" dir="ltr" class="">MESHACK<br class=""><span class=""></span></div> <br class=""><div class="qtdSeparateBR"><br class=""><br class=""></div><div style="display: block;" class="yahoo_quoted"> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 10px;" class=""> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;" class=""> <div dir="ltr" class=""><font size="2" face="Arial" class=""> On Wednesday, December 16, 2015 10:52 AM, Ali Hussein via kictanet <kictanet@lists.kictanet.or.ke> wrote:<br class=""></font></div> <br class=""><br class=""> <div class="y_msg_container"><div id="yiv7454924008" class=""><div class=""><div class="">Josiah</div><div id="yiv7454924008AppleMailSignature" class=""><br class=""></div><div id="yiv7454924008AppleMailSignature" class="">Umeongea kama wazee kumi! (spoken like 10 wise men!)<br class=""><br class=""><div class=""><span style="" class=""><b class="">Ali Hussein</b></span></div><div class=""><span style="" class=""><b class="">Principal</b></span></div><div class=""><b style="" class="">Hussein & Associates</b></div><div style="font-family: Helvetica; font-size: 12px;" class="">+254 0713 601113 / 0770906375</div><div style="font-family: Helvetica; font-size: 12px;" class=""><br class=""></div><div class=""><div style="margin:0in 0in 0pt;" class=""><span style="" class="">Twitter: @AliHKassim</span></div><span style="" class=""><font class=""></font></span><div style="margin:0in 0in 0pt;" class=""><span style="" class="">Skype: abu-jomo</span></div><div style="margin:0in 0in 0pt;" class=""><span style="" class="">LinkedIn: <a rel="nofollow" target="_blank" href="http://ke.linkedin.com/in/alihkassim" class="">http://ke.linkedin.com/in/alihkassim</a><a rel="nofollow" target="_blank" href="http://ke.linkedin.com/in/alihkassim" class=""><span style="text-decoration:none;" class=""></span></a></span></div><span style="" class=""><font class=""></font></span><div style="margin:0in 0in 0pt;" class=""></div><font class=""><span style="" class="">Blog: <a rel="nofollow" target="_blank" href="http://www.alyhussein.com/" class="">www.alyhussein.com</a></span><br class=""></font></div><div class=""><span style="" class=""><br class=""></span></div><div class="">"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi</div><div class=""><span style="" class=""><br class=""></span></div>Sent from my iPad</div><div class=""><br class="">On 15 Dec 2015, at 1:24 PM, Josiah Mugambi via kictanet <<a rel="nofollow" ymailto="mailto:kictanet@lists.kictanet.or.ke" target="_blank" href="mailto:kictanet@lists.kictanet.or.ke" class="">kictanet@lists.kictanet.or.ke</a>> wrote:<br class=""><br class=""></div><blockquote type="cite" class=""><div class=""><div dir="ltr" class="">BitPesa requires proof of identity before use. I found it quite lengthy and a tad tedious while signing up sometimes back. That somewhat takes care of KYC procedures though. </div>
<div dir="ltr" class="">I think CBK are obligated to make this position as a caveat emptor. An idea for them might be to use this case with BitPesa as a pilot with the view of coming up with regulations. Especially as cryptocurrencies are not going away any time soon.</div>
</div></blockquote><blockquote type="cite" class=""><div class=""><span class="">_______________________________________________</span><br class=""><span class="">kictanet mailing list</span><br class=""><span class=""><a rel="nofollow" ymailto="mailto:kictanet@lists.kictanet.or.ke" target="_blank" href="mailto:kictanet@lists.kictanet.or.ke" class="">kictanet@lists.kictanet.or.ke</a></span><br class=""><span class=""><a rel="nofollow" target="_blank" href="https://lists.kictanet.or.ke/mailman/listinfo/kictanet" class="">https://lists.kictanet.or.ke/mailman/listinfo/kictanet</a></span><br class=""><span class=""></span><br class=""><span class="">Unsubscribe or change your options at <a rel="nofollow" target="_blank" href="https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com" class="">https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com</a></span><br class=""><span class=""></span><br class=""><span class="">The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.</span><br class=""><span class=""></span><br class=""><span class="">KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.</span></div></blockquote></div></div><br class="">_______________________________________________<br class="">kictanet mailing list<br class=""><a ymailto="mailto:kictanet@lists.kictanet.or.ke" href="mailto:kictanet@lists.kictanet.or.ke" class="">kictanet@lists.kictanet.or.ke</a><br class=""><a href="https://lists.kictanet.or.ke/mailman/listinfo/kictanet" target="_blank" class="">https://lists.kictanet.or.ke/mailman/listinfo/kictanet</a><br class=""><br class="">Unsubscribe or change your options at <a href="https://lists.kictanet.or.ke/mailman/options/kictanet/memakunat%40yahoo.com" target="_blank" class="">https://lists.kictanet.or.ke/mailman/options/kictanet/memakunat%40yahoo.com</a><br class=""><br class="">The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.<br class=""><br class="">KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.<br class=""><br class=""></div> </div> </div> </div></div></div><br class=""><br class=""><br class=""><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">From: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">Ali Hussein <ali@hussein.me.ke><br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">Subject: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class=""><b class="">Re: [kictanet] Public Notice by CBK on Virtual Currencies</b><br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">Date: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">December 16, 2015 at 3:27:13 PM EAT<br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">To: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">meshack emakunat <memakunat@yahoo.com><br class=""></span></div><div style="margin-top: 0px; margin-right: 0px; margin-bottom: 0px; margin-left: 0px;" class=""><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif; color:rgba(127, 127, 127, 1.0);" class=""><b class="">Cc: </b></span><span style="font-family: -webkit-system-font, Helvetica Neue, Helvetica, sans-serif;" class="">KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke><br class=""></span></div><br class=""><br class=""><meta http-equiv="content-type" content="text/html; charset=utf-8" class=""><div dir="auto" class=""><div class="">Meshack</div><div class=""><br class=""></div><div class="">You have brought Ina whole new dimension to this discussion.</div><div class=""><br class=""></div><div class="">Your assertions by the way are true. That is however changing very fast with new players surfacing very fast. This is a $580 billion global money movement space with about $50 billion in fees/and or forex spreads. You can now see why bitcoins can upset the apple cart..but that's a discussion for another day.</div><div class=""><br class=""></div><div class="">To Mwendwa's question/comment about bitcoins and Imperial Bank. Not sure this is an apples for apples comparison. Bitcoins are a currency and Imperial Bank issue is mainly one of depositors potentially loosing money because of unscrupulous management and inability of Central Bank to timely regulate. <br class=""><br class=""><div class=""><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);" class=""><b class="">Ali Hussein</b></span></div><div class=""><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);" class=""><b class="">Principal</b></span></div><div class=""><b style="background-color: rgba(255, 255, 255, 0);" class="">Hussein & Associates</b></div><div style="font-family: Helvetica; font-size: inherit;" class="">+254 0713 601113 / 0770906375</div><div style="font-family: Helvetica; font-size: inherit;" class=""><br class=""></div><div class=""><div style="margin: 0in 0in 0pt;" class=""><span style="background-color: rgba(255, 255, 255, 0);" class="">Twitter: @AliHKassim</span></div><span style="background-color: rgba(255, 255, 255, 0);" class=""><font class=""></font></span><div style="margin: 0in 0in 0pt;" class=""><span style="background-color: rgba(255, 255, 255, 0);" class="">Skype: abu-jomo</span></div><div style="margin: 0in 0in 0pt;" class=""><span style="background-color: rgba(255, 255, 255, 0);" class="">LinkedIn: <a href="http://ke.linkedin.com/in/alihkassim" target="_blank" class="">http://ke.linkedin.com/in/alihkassim</a><a href="http://ke.linkedin.com/in/alihkassim" target="_blank" class=""><span style="text-decoration: none;" class=""></span></a></span></div><span style="background-color: rgba(255, 255, 255, 0);" class=""><font class=""></font></span><p style="margin: 0in 0in 0pt;" class=""></p><font class=""><span style="background-color: rgba(255, 255, 255, 0);" class="">Blog: <a href="http://www.alyhussein.com/" target="_blank" class="">www.alyhussein.com</a></span><br class=""></font></div><div class=""><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); " class=""><br class=""></span></div><div class="">"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi</div><div class=""><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);" class=""><br class=""></span></div>Sent from my iPad</div><div class=""><br class="">On 16 Dec 2015, at 1:58 PM, meshack emakunat <<a href="mailto:memakunat@yahoo.com" class="">memakunat@yahoo.com</a>> wrote:<br class=""><br class=""></div><blockquote type="cite" class=""><div class=""><div style="background-color: rgb(255, 255, 255); font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif; font-size: 10px;" class=""><div id="yui_3_16_0_1_1450262674460_7474" class=""><span class="">Hello All</span></div><div id="yui_3_16_0_1_1450262674460_7514" class=""><br class=""></div><div dir="ltr" id="yui_3_16_0_1_1450262674460_7528" class="">did you know that migrant Africans are charged a whole 12% or more on remittances back home from developed countries and that these charges are 2wice the global rate. and that 66% of the global (to africa) remittances are from MTOs such as Moneygram and Western union</div><div id="yui_3_16_0_1_1450262674460_7954" dir="ltr" class=""><br class=""></div><div id="yui_3_16_0_1_1450262674460_7955" dir="ltr" class="">REGARDS</div><div id="yui_3_16_0_1_1450262674460_7956" dir="ltr" class=""><br class=""></div><div id="yui_3_16_0_1_1450262674460_7957" dir="ltr" class="">MESHACK<br class=""><span class=""></span></div> <br class=""><div class="qtdSeparateBR"><br class=""><br class=""></div><div style="display: block;" class="yahoo_quoted"> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 10px;" class=""> <div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;" class=""> <div dir="ltr" class=""><font size="2" face="Arial" class=""> On Wednesday, December 16, 2015 10:52 AM, Ali Hussein via kictanet <<a href="mailto:kictanet@lists.kictanet.or.ke" class="">kictanet@lists.kictanet.or.ke</a>> wrote:<br class=""></font></div> <br class=""><br class=""> <div class="y_msg_container"><div id="yiv7454924008" class=""><div class=""><div class="">Josiah</div><div id="yiv7454924008AppleMailSignature" class=""><br class=""></div><div id="yiv7454924008AppleMailSignature" class="">Umeongea kama wazee kumi! (spoken like 10 wise men!)<br class=""><br class=""><div class=""><span style="" class=""><b class="">Ali Hussein</b></span></div><div class=""><span style="" class=""><b class="">Principal</b></span></div><div class=""><b style="" class="">Hussein & Associates</b></div><div style="font-family: Helvetica; font-size: 12px;" class="">+254 0713 601113 / 0770906375</div><div style="font-family: Helvetica; font-size: 12px;" class=""><br class=""></div><div class=""><div style="margin:0in 0in 0pt;" class=""><span style="" class="">Twitter: @AliHKassim</span></div><span style="" class=""><font class=""></font></span><div style="margin:0in 0in 0pt;" class=""><span style="" class="">Skype: abu-jomo</span></div><div style="margin:0in 0in 0pt;" class=""><span style="" class="">LinkedIn: <a rel="nofollow" target="_blank" href="http://ke.linkedin.com/in/alihkassim" class="">http://ke.linkedin.com/in/alihkassim</a><a rel="nofollow" target="_blank" href="http://ke.linkedin.com/in/alihkassim" class=""><span style="text-decoration:none;" class=""></span></a></span></div><span style="" class=""><font class=""></font></span><div style="margin:0in 0in 0pt;" class=""></div><font class=""><span style="" class="">Blog: <a rel="nofollow" target="_blank" href="http://www.alyhussein.com/" class="">www.alyhussein.com</a></span><br class=""></font></div><div class=""><span style="" class=""><br class=""></span></div><div class="">"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought". ~ Albert Szent-Györgyi</div><div class=""><span style="" class=""><br class=""></span></div>Sent from my iPad</div><div class=""><br class="">On 15 Dec 2015, at 1:24 PM, Josiah Mugambi via kictanet <<a rel="nofollow" ymailto="mailto:kictanet@lists.kictanet.or.ke" target="_blank" href="mailto:kictanet@lists.kictanet.or.ke" class="">kictanet@lists.kictanet.or.ke</a>> wrote:<br class=""><br class=""></div><blockquote type="cite" class=""><div class=""><div dir="ltr" class="">BitPesa requires proof of identity before use. I found it quite lengthy and a tad tedious while signing up sometimes back. That somewhat takes care of KYC procedures though. </div>
<div dir="ltr" class="">I think CBK are obligated to make this position as a caveat emptor. An idea for them might be to use this case with BitPesa as a pilot with the view of coming up with regulations. Especially as cryptocurrencies are not going away any time soon.</div>
</div></blockquote><blockquote type="cite" class=""><div class=""><span class="">_______________________________________________</span><br class=""><span class="">kictanet mailing list</span><br class=""><span class=""><a rel="nofollow" ymailto="mailto:kictanet@lists.kictanet.or.ke" target="_blank" href="mailto:kictanet@lists.kictanet.or.ke" class="">kictanet@lists.kictanet.or.ke</a></span><br class=""><span class=""><a rel="nofollow" target="_blank" href="https://lists.kictanet.or.ke/mailman/listinfo/kictanet" class="">https://lists.kictanet.or.ke/mailman/listinfo/kictanet</a></span><br class=""><span class=""></span><br class=""><span class="">Unsubscribe or change your options at <a rel="nofollow" target="_blank" href="https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com" class="">https://lists.kictanet.or.ke/mailman/options/kictanet/info%40alyhussein.com</a></span><br class=""><span class=""></span><br class=""><span class="">The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.</span><br class=""><span class=""></span><br class=""><span class="">KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.</span></div></blockquote></div></div><br class="">_______________________________________________<br class="">kictanet mailing list<br class=""><a ymailto="mailto:kictanet@lists.kictanet.or.ke" href="mailto:kictanet@lists.kictanet.or.ke" class="">kictanet@lists.kictanet.or.ke</a><br class=""><a href="https://lists.kictanet.or.ke/mailman/listinfo/kictanet" target="_blank" class="">https://lists.kictanet.or.ke/mailman/listinfo/kictanet</a><br class=""><br class="">Unsubscribe or change your options at <a href="https://lists.kictanet.or.ke/mailman/options/kictanet/memakunat%40yahoo.com" target="_blank" class="">https://lists.kictanet.or.ke/mailman/options/kictanet/memakunat%40yahoo.com</a><br class=""><br class="">The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development.<br class=""><br class="">KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications.<br class=""><br class=""></div> </div> </div> </div></div></div></blockquote></div><br class=""><br class="">_______________________________________________<br class="">kictanet mailing list<br class="">kictanet@lists.kictanet.or.ke<br class="">https://lists.kictanet.or.ke/mailman/listinfo/kictanet<br class=""></div></blockquote></div><br class=""></div></body></html>